Intercontinental Exchange (ICE) Given Daily Media Sentiment Rating of 0.19
Headlines about Intercontinental Exchange (NYSE:ICE) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Intercontinental Exchange earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.7338255166889 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- TMX beats profit expectations as it cuts costs (finance.yahoo.com)
- SEC puts Chicago Stock Exchange’s China deal on hold – Reuters (reuters.com)
- Offshore ringgit trade is against Malaysia’s policy – cenbank (finance.yahoo.com)
- Intercontinental Exchange Inc. (NYSE:ICE) Experiences Heavier than Usual Trading Volume – Modern Readers (modernreaders.com)
- Euronext bourse to renew clearing contract with LSE unit (finance.yahoo.com)
A number of brokerages have issued reports on ICE. BidaskClub lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Thursday, July 13th. Royal Bank Of Canada upgraded shares of Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $65.00 to $70.00 in a research note on Thursday, July 13th. Jefferies Group LLC reiterated a “buy” rating and set a $73.00 price target (up from $70.00) on shares of Intercontinental Exchange in a research note on Monday, July 17th. Finally, Citigroup Inc began coverage on shares of Intercontinental Exchange in a research note on Wednesday, July 12th. They set a “neutral” rating and a $67.00 price target on the stock. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $67.49.
Shares of Intercontinental Exchange (NYSE:ICE) opened at 65.16 on Friday. Intercontinental Exchange has a 1-year low of $52.27 and a 1-year high of $67.48. The company’s 50 day moving average is $65.78 and its 200-day moving average is $61.42. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 24.14 and a beta of 0.71.
Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. Intercontinental Exchange’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 EPS. Equities analysts anticipate that Intercontinental Exchange will post $2.94 earnings per share for the current fiscal year.
In related news, insider Charles A. Vice sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total transaction of $836,625.00. Following the transaction, the insider now directly owns 382,471 shares of the company’s stock, valued at approximately $25,598,784.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jean Marc Forneri sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $58.27, for a total value of $349,620.00. Following the transaction, the director now directly owns 47,350 shares in the company, valued at $2,759,084.50. The disclosure for this sale can be found here. Insiders have sold a total of 166,389 shares of company stock worth $10,279,500 over the last three months. 1.50% of the stock is currently owned by corporate insiders.
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About Intercontinental Exchange
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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